The UK Property Market
Update for Week 26 of 2025
✅ Listings (New to Market)
36,900 new listings this week (Up from 36.7k last week)
YTD listings are 4.7% higher than 2024 YTD and 7.7% above the 2017–19 YTD average
(968k YTD vs 924k in 2024)
✅ Price Reductions
27,500 reductions this week (Up slightly from 26.7k)
That’s 1 in 7.1 homes on the market being reduced monthly (14.1%)
For context:
• 14% in June & 13.4% in May
• 12.1% average in 2024
• Long-term 5-year average: 10.6%
✅ Sales Agreed
26,600 homes sold STC this week (↓ from 27.5k last week)
YTD agreed sales:
• 7.7% up on 2024 (691k vs 641k)
• 15.6% up on pre-Covid average (600k in 2017–19)
✅ Sell-Through Rate (June, in arrears)
15.3% of properties on the market went SSTC in June
That’s down from 16.1% in May
2024 average: 15.3%
8-year average: 17.9%
✅ Sale Fall-Throughs
6,664 fall-throughs last week (from a 496k SSTC pipeline)
Fall-through rate as % of gross sales: 25.1% (up from 23.7% last week)
Slightly worse than the long-term average of 24.2%, yet far below post-Truss chaos levels (40%+)
✅ Net Sales
19,900 net sales this week (↓ from 21.0k last week)
Weekly average for 2025: 20k
YTD Net Sales:
• 529k in 2025
• +5.7% on 2024 YTD (500k)
• +10.7% on 2017–19 YTD (478k)
✅ % Chance the Home will Sell
June stats showed 49.1% of UK Homes that left the estate agents books in June 2025, exchanged contracts (ie the agent got paid and the home moved on completion), the remaining 50.9% left Estate Agent books, unsold and homeowner staying in their home. NB - this June stat will change throughout July as more dates comes through.
✅ Stock Levels (For Sale and Sales Pipeline) - 1st of the Month
758k homes on the market at the start of June - 8.3% higher than July 2024
496k homes in Estate Agents sales pipelines - 4.9% than than July 2024
✅ House Prices (measured by £/sq.ft)
£346.45/sqft on Sales Agreed in June 2025 - 2.46% higher than June 2024 and 1.48% higher than June 2022.
If you would like to chat about our local property market, feel free to drop Smeaton Homes a line on 01752222060 or email us on info@smeatonhomes.co.uk
For more information about us, please feel free to visit our website at smeatonhomes.co.uk